On April 27 Kenneth Cole Productions (NYSE:KCP) released Q1 2006 earnings for the period ended March 31.
- Margins declined because of soft sales and price adjustments.
- The balance sheet remains strong.
- Sales and earnings per share tumbled because of delayed shipments and continued implementation of a change in branding strategy.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|---|
|
Sales |
$128,760 |
$122,575 |
$129,898 |
-5.6% |
|
Net Profit |
-- |
$3,064 |
$7,489 |
-59.1% |
|
EPS |
$0.22 |
$0.15 |
$0.37 |
-59.6% |
|
Diluted Shares |
-- |
20,422 |
20,185 |
+1.2% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
Change | |
|---|---|---|---|
|
Gross Margin |
41.85% |
43.24% |
-1.39 |
|
Op. Margin |
2.98% |
8.61% |
-5.63 |
|
Net Margin |
2.50% |
5.77% |
-3.27 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$114,942 |
$106,831 |
+7.6% |
|
Accounts Rec. |
$59,618 |
$62,774 |
-5.0% |
|
Inventory |
$53,715 |
$50,089 |
+7.2% |
|
Liabilities |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Accounts Pay. |
$33,387 |
$28,246 |
+18.2% |
|
Long Term Debt. |
-- |
-- |
N/A |
Cash Flow Highlights
Not provided by the company.
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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
At the time of publication, Nathan Parmelee had positions in Kenneth Cole Productions. Fool rules are here.
